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20130124
20130201
STATION
CNBC 3
CSPAN2 1
FBC 1
MSNBC 1
MSNBCW 1
LANGUAGE
English 15
Search Results 0 to 14 of about 15 (some duplicates have been removed)
ceiling? >> exactly. and that's the point, right? we don't really have a debt ceiling, so let's not pretend that we do. you know what i mean. anyway, still to come on the show, u.p.s., will the shipping giant deliver? we'll talk about that. ♪ [ male announcer ] make your escape... twice as rewarding. earn double points or double miles on all your hotel stays through march thirty first. sign up now at hidouble.com. >>> welcome back to "worldwide exchange." sap tander and deutsche are hit by big charges. >>> british stocks are falling after disappointing numbers from shell and warning of a tough year ahead from astrazeneca. >> shell shares are down today after the oil and gas giant reported a 13% jump in fourth quarter profits. it was shy of forecast. the company has pledged to boost the dividend after posting adjusted cps earnings of $5.6 billion of adjusted eps of 49.8 cents. in a first on cnbc interview, shell ceo peter voses sounded fairly confident. he cited the firm's cash position. >> shell is in a very good situation at the moment. we are actually long in opportunities
it kicking the can down the road but i call it them surrendering. >> here is the point. delaying the debt ceiling, which i said they need to do to -- what are they buying with the few months? not bad forcing the senate to address the budget but what they are not doing, we are not having a national discussion of the medicare numbers we were talking about. we are not having a diagnostic consensus in this country. that, my god, we are going broke which gets you -- they do not go --. >> and i say one thing? the word was used "transformational" and doug said he wants to transform into more of a liberal president. where he ought to be, and we are political insiders association i would give him this political advise, he wanted to be a ronald reagan. he wanted to a transformational president. just as only nixon could go to china, only an african-american re-elected democratic president we can be the guy to take the entitlements and fix them for the long term but he doesn't want to. >> he wants to expand them and transform america. >> they will be bankrupt. >> johnson and fdr got circumstances per
. >> i don't think those demands are going away. part of the point of the short-term debt ceiling extension just passed last week was sort of to try and leverage their position in the sequester-related discussion of $1.2 trillion of autoic spending cuts set to kick in on march 1st which are delayed two months with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say
to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as they were say the last couple years there might be less sense that we urgently need to fix the deficit problem. mike england from action economics said if we don't solve it now we'll get to the next cycle
the of current debt ceiling through mid-may. but at that point it retroactively goes up and the bipartisan policy center says the increase will be $450 billion. call it about half a trillion so the new total will end up being around 17 trillion in federal debt, as of mid-may. that string attached to the no budget-no pay provision. house republicans who have passed budgets during the first obama term inserted this into the legislation, essentially to pressure senate democrats to pass budgets. they have not done that during obama's first term. the measure says each chamber has to pass a budget by mid-april. sured either chamber fail, its member's pay would be withheld. here is harry reid talking about it and how it comes together today. >> obviously democrats would prefer a longer suspension of the debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility the united states could default on its obligations every few months is not an ideal way to run government but a short-term solution is better than anoth
're going to do this at point a, point b, laterfore point c and the same thing with the debt ceiling. everything we do is temporary and this is especially with the gridlock between the republicans with a majority in the house and democrats in the senate. this doesn't, you know, excuse the president from sitting down and talking about the issues, but i don't feel that he's said, okay, these issues don't matter and i don't think they've been on the back burner, i think everyone is very clear with where the president stands as to what his ideas and the democratic philosophy is with regard to job creation, and what we need to do with the economy. the republicans are clear. congress needs to sit down and work this out. the president's not their baby sitter, not running a day care center and the american people need to make our congressional electorates and our senators that are elected, we need to make it known what we want. those are our priorities and by the way, heidi, yesterday, california lowest foreclosure rate in the month of january in years. and that's a step in the right directi
the difference here is unlike the debt ceiling which has the huge, global third party implications whether the government refinances itself, this is an invention of congress. they've decided please, tie my hands so i don't do it again. i do think therefore there's flexibility in whether they defer it or somehow play it some other way. >> bill: michael our guest finance writer for yahoo. all of this revolves, of course around the debt and the deficit. isn't it also true that we've made significant paydowns of the debt now and that's not -- so big, right but not as serious a problem as it was a year ago. >> this i think is kind of the under tone. it is not being talked about loudly. i do think it is the context for a lot of decisions. no debt has gotten paid down. we're running annual deficits. the absolute size of the government's debt gets bigger but the size of the deaf -- deficits have gone to under a trillion a year this year which no changes no effort really to actually do anything except for the economy to improve tax receipts to go up and you know, lower spending on sort of income su
. that has to change. [applause] now, the house won't consider another debt ceiling increase unless the senate passes a budget. and we're not going to just keep raising the debt ceiling. we're going to make a down payment on debt reduction, and we're going to point the country in the right direction, we're going to cut spending. [applause] you know, there will be times p when conservatives disagree on the way forward. we've never marched in lockstep. that's not what we do. a healthy debate is a good and needed thing. we can deliberate in private without fighting in public. all we should ask of each other is that we give an honest account of our actions and their reasons for them. we should challenge the left, not each other. and if we take the prudent course, you know what? we'll be in really good company. our founders were men of prudence. take james madison. nowadays we call him the founder, the father of the constitution. but at the constitutional convention, he lost some key arguments. you know, he fought the plan to give each state the same number of seats in the senate. he tho
to go along with the debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot of republicans right now who are given what's happened. but again, we see shifts in party allegiances fairly quickly. it just does seem like my party is suffering a long-term letdown. to say the least. >> yeah. look, mary has a strong character, as we all know. the truth is that the president actually won and he won pretty big for his ideas. i didn't -- by the way, the president talking about cap and trade in his inaugural. he didn't say how he would address climate change. he said we have to address the impact of it. the question for republicans, i think, is what's the big idea? and it
to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improving gradually, housing is and i s
backed off that so you didn't get that outcome. at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe s
Search Results 0 to 14 of about 15 (some duplicates have been removed)